05/10/2011 Trading Signals

THE SHORT-TERM TREND IS UP, I HOLD BOTH SHORT (TRAPPED) AND LONG OVERNIGHT

Tomorrow, I guess it’s up because the sentiment is very bullish so always assuming the most bullish case would not be a bad idea and accordingly the day after tomorrow would be in red. I’ll explain why if indeed another up day tomorrow.

A short setup is triggered today, for aggressive traders of course. SPY up 3 days in a row while volume down 2 days in a row (so called price volume negative divergence), short at today’s close, surprisingly (because I really hate such a setup) it worked most of the time.